Kevin Smith

Canada hits back at US with tariffs on $20 billion

Canada will impose new levies on more than 700 American products starting September 8, in response to the 50% tariffs imposed by Washington. The move follows the collapse of trade talks between the two countries and marks a fresh escalation in tensions.

26 August 2026 at 03:31 am AEST

Bessent Cannot Win Against the Bond Market

The fundamentals are all pointing in the same direction: higher rates.

26 August 2026 at 02:10 am AEST

Dick's Sporting Goods plunges after warning, dragged down by Foot Locker

Sporting goods retailer Dick's Sporting Goods shares plunged over 25% on Tuesday morning on the New York Stock Exchange after reporting quarterly results below expectations and cutting its full-year outlook, citing a market it says is becoming increasingly competitive.

26 August 2026 at 02:09 am AEST

Apple upgrades its Macs to win over AI developers

Apple has unveiled new Mac Mini and Mac Studio models with more powerful processors and upgrades aimed at artificial intelligence applications. The company is looking to capitalize on the growing use of its computers to build and run AI agents and models locally. Its chips notably include specialized Neural Engines and a memory architecture designed to ease certain bottlenecks, allowing developers to run and fine-tune large models directly on their machines.

26 August 2026 at 12:28 am AEST

Wolters Kluwer Slips as KBC Cuts Target Price

Wolters Kluwer shares are down 1% at EUR71 in Amsterdam today. While KBC Securities maintains its buy recommendation on the stock, reflecting its continued confidence in the strength and resilience of the underlying business, it has slashed its target price from EUR154 to EUR98.

25 August 2026 at 06:27 pm AEST

Fed and Treasury: Credibility Is Starting to Crack

Between the public deficit, the AI boom and a cautious Fed, the US policy mix is becoming increasingly hard to justify.

25 August 2026 at 05:13 pm AEST

Nvidia readies the launch of its Groq racks dedicated to inference

Nvidia has announced the start of full-scale production of its Groq 3 LPX rack, stemming from its $20bn purchase of Groq assets in December, the largest acquisition in the company's history. The system will be deployed this year at cloud provider Nebius, alongside Vera processors and Rubin GPUs. Nvidia aims to meet surging demand for low-latency inference, a key requirement for AI agents and coding applications that need fast responses.

25 August 2026 at 05:08 pm AEST

RUM Group Signs $13.7bn AI Contract

RUM Group, which hosts Donald Trump's Truth Social platform, has signed an approximately $13.7bn, 6-year contract with an unidentified US cloud customer. The deal covers the delivery of GPU-based computing capacity and related services from the group's future site in Maysville, Georgia. The announcement lifted RUM Group shares by 6% on Wall Street this Monday.

25 August 2026 at 12:27 am AEST

FDA green lights Roche and Eli Lilly test in Alzheimer's disease

Swiss healthcare giant Roche said the US FDA has approved its Elecsys Phospho-Tau (217P) Plasma (pTau217) blood test, developed in collaboration with US drugmaker Eli Lilly, "advancing the evaluation of Alzheimer's disease".

25 August 2026 at 12:01 am AEST

Fortescue Plays It Safe

The world's No. 4 iron ore producer, which is topping 200 million tons in annual output for the first time, is falling in step with its peers and now aims to diversify into copper.

24 August 2026 at 07:44 pm AEST

Shell draws multiple suitors for its US chemicals assets

ExxonMobil, LyondellBasell, Apollo and Kuwait Petroleum are reportedly among the candidates to buy Shell's US chemicals business. According to the Financial Times, the assets could be worth up to $8bn.

24 August 2026 at 06:24 pm AEST

Weekly earnings calendar: Nvidia steals the show

Welcome to this week's calendar of listed-company reports for August 24 to 28, 2026. Amongst this week's key releases, Nvidia tops the bill, although investors will also be watching Salesforce, Pernod Ricard, Royal Bank of Canada, Intuit, Delivery Hero and Marvell as well.

24 August 2026 at 05:15 pm AEST

BHP again shows the Difficulty Investing in Mining

This week, the financial press hailed the excellent results posted by the world's largest mining group.

24 August 2026 at 05:14 pm AEST

Bitcoin Up 23%, Heads for Its Best Week Since March 2023

Bitcoin was up about 6% on Friday, around $77,400, after briefly nearing $79,500 late in the morning. Up nearly 23% since Monday, the cryptocurrency is on track for its best week since March 2023, provided it does not give back those gains before the weekend ends, with crypto markets remaining open around the clock. Despite the rebound, its price is still roughly 39% below the record above $126,000 set in October 2025.

24 August 2026 at 05:00 pm AEST

Alibaba goes all-out in AI race

On the highway to artificial intelligence access, Alibaba is positioning itself as the owner of the computing power, and the toll booth on the bridge.

21 August 2026 at 07:13 pm AEST

RBC Capital Downgrades Merck & Co as Profit-Taking Sets In

Merck & Co was yesterday subject to profit-taking (-2.1%, at about $149), the day after a 12.60% surge following positive results from a Phase 3 study of a clinical trial with Moderna. Moderna shares are down 19.34% currently after soaring 176.97% the previous day.

21 August 2026 at 05:07 pm AEST

Trump revives the crypto bet, bitcoin and sector stocks soar

The cryptocurrency market accelerated on Thursday after Donald Trump threw his weight behind the Clarity Act, the main bill aimed at regulating digital assets in the United States.

21 August 2026 at 05:03 pm AEST

Futu posts a record quarter, fueled by booming interest in AI-linked stocks

Futu Holdings shares rose nearly 2% on Thursday after the company posted quarterly results well ahead of expectations, supported by faster trading volumes and international expansion at the China-Hong Kong online brokerage and wealth management platform, parent of the Futubull and Moomoo apps.

21 August 2026 at 04:59 pm AEST

Estée Lauder Stages a Comeback

The group's revenue rose 5% for FY 2026, while its operating results moved back into the black.

20 August 2026 at 11:02 pm AEST

Surprise jump in weekly US crude inventories

Crude oil inventories posted an unexpected increase last week in the United States, the US Energy Information Administration (EIA) said on Wednesday.

20 August 2026 at 05:48 pm AEST

Nvidia Struggles to Bounce Back, with BofA Comments ineffective

Nvidia shares saw a fourth straight session of declines on Wednesday on the New York Stock Exchange, unmoved by favorable comments from Bank of America analysts, who say the stock is not expensive relative to its intrinsic value.

20 August 2026 at 05:47 pm AEST